May 122010
 

This is the first time I looked at a stock from Egypt. I was asked to do Elliott wave analysis of Talaat Moustafa, and I’d like to share this with you today.  To put it briefly, this stock has legs to reach 9 Pounds, but should it reach 10.45 plus area, be sure to take profits because we will likely experience a nice 35% decline from there.

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